hazellend
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Post by hazellend on Jun 27, 2016 21:14:42 GMT
There won't be a property price crash while interest rates are so low and mortgage rates are dropping lower. People can afford to hang onto their properties because the payments are so cheap. London is crazy so who knows what will happen there. The panic is laughable. Will probably be stagnation and low transaction volumes. Rents will increase.
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Post by yorkshireman on Jun 28, 2016 9:10:00 GMT
It's laughable in all the markets, not just property.
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blender
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Post by blender on Jun 28, 2016 9:35:31 GMT
I am so relieved to hear that the speculators who were holding London property parcels when the music stopped are going to be OK.
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acky
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Post by acky on Jul 8, 2016 12:51:33 GMT
I do detect reduced enthusiasm for 8% property loans. Relisting North Devon 9 on "terms more favourable to investors" is only a matter of when - it's never going to fund by its 7-day limit (autobodge couldn't even get it to 50%). And that only takes the development to £1.7m funding out of £3.0m required. They are going to want a few tranches to be randomly allocated to the investment fund on that one! Or I'll be in at 10% or 2% CB!
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SteveT
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Post by SteveT on Jul 8, 2016 14:26:01 GMT
I do detect reduced enthusiasm for 8% property loans. Relisting North Devon 9 on "terms more favourable to investors" is only a matter of when - it's never going to fund by its 7-day limit (autobodge couldn't even get it to 50%). And that only takes the development to £1.7m funding out of £3.0m required. They are going to want a few tranches to be randomly allocated to the investment fund on that one! Or I'll be in at 10% or 2% CB! Count me in at 10% AND 2% CB!
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Post by GSV3MIaC on Jul 8, 2016 15:06:10 GMT
I think he said 'or' not 'and' 8>.
Knowing Feeling Cautious, I doubt you'll actually get either until they have cheese pared the tranches a bit.
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acky
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Post by acky on Jul 8, 2016 15:26:02 GMT
I think he said 'or' not 'and' 8>. Knowing Feeling Cautious, I doubt you'll actually get either until they have cheese pared the tranches a bit. Not sure - with another £1.5m to shift in total on the property and a £200k tranche failing dismally, the cheese would need to be grated to get through at 8%. Anyway I see it's now been pulled, but not yet come back - perhaps it's gone to the IT?
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kt
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Post by kt on Jul 8, 2016 15:45:26 GMT
I do detect reduced enthusiasm for 8% property loans. Relisting North Devon 9 on "terms more favourable to investors" is only a matter of when - it's never going to fund by its 7-day limit (autobodge couldn't even get it to 50%). And that only takes the development to £1.7m funding out of £3.0m required. They are going to want a few tranches to be randomly allocated to the investment fund on that one! Or I'll be in at 10% or 2% CB! Has North Devon been removed? How long did it have left? 38% of outstanding loans by value are in property.
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nick
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Post by nick on Jul 9, 2016 15:00:11 GMT
It's laughable in all the markets, not just property. As John Maynard Keynes once said, markets can remain irrational longer than you can remain solvent.........
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bigfoot12
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Post by bigfoot12 on Jul 9, 2016 15:29:30 GMT
Many people on this forum are using the word panic. Some of these property funds were down 5-10% as far as I could tell, if I had owned any I would have been selling them because there are well regarded investment trusts that have fallen 20-30% which I would have bought instead.
A small fraction of commercial property is owned in a strange way.
No need for panic. Yet...
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locutus
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Post by locutus on Jul 9, 2016 16:02:26 GMT
Many people on this forum are using the word panic. Some of these property funds were down 5-10% as far as I could tell, if I had owned any I would have been selling them because there are well regarded investment trusts that have fallen 20-30% which I would have bought instead. A small fraction of commercial property is owned in a strange way. No need for panic. Yet... Any recommended investment trusts you have your eye on?
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acky
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Post by acky on Jul 12, 2016 16:15:09 GMT
I think he said 'or' not 'and' 8>. Knowing Feeling Cautious, I doubt you'll actually get either until they have cheese pared the tranches a bit. Not sure - with another £1.5m to shift in total on the property and a £200k tranche failing dismally, the cheese would need to be grated to get through at 8%. Anyway I see it's now been pulled, but not yet come back - perhaps it's gone to the IT? So, North Devon 9 has now been relisted on the same terms at which it failed dismally to fund a week ago. I wonder why FC think it will fund this time - must be a whole lot more Autobodge money about, or perhaps they've worked out a different Autobodge algorithm that will ensure this gets the maximum attention.
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Post by transo on Jul 13, 2016 7:14:44 GMT
So, North Devon 9 has now been relisted on the same terms at which it failed dismally to fund a week ago. I wonder why FC think it will fund this time - must be a whole lot more Autobodge money about, or perhaps they've worked out a different Autobodge algorithm that will ensure this gets the maximum attention. No sign of it, it's first overnight funding run got it to basically the same state of the previous attempt at North Devon 9 - about 15%. Be interesting to see how it pans out but I can't see FC getting this away and even if they do they've still got to find lots more to complete the development. The questions being asked (and, of course, not answered) don't indicate much enthusiasm for it amongst active bidders.
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kt
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Post by kt on Jul 13, 2016 7:29:16 GMT
FC can fill the rest of the loan and then sell it on in the secondary market?
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Jul 13, 2016 11:59:06 GMT
Count me in at 10% AND 2% CB! No CB yet but your 10% is here as West Molesey Kent 1
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